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How Reasonable is the 'Reasonable' Royalty Rate? Damage Rules and Probabilistic Intellectual Property Rights

Choi, Jay Pil - 2021

This paper investigates how different damage rules in patent infringement cases shape competition when intellectual property rights are probabilistic. I develop a simple model of oligopolistic competition to compare two main liability doctrines that have been used in the US to assess...

Persistent link: https://www.econbiz.de/10013317488

Patent Pools and Cross-Licensing in the Shadow of Patent Litigation

Choi, Jay Pil - 2021

Most patent pools are formed in the shadow of patent litigation as an attempt to settle disputes in regard to conflicting infringement claims and the validity of patents. To reflect this reality, I develop a simple framework to analyze the incentives to form a patent pool or engage in...

Persistent link: https://www.econbiz.de/10013319657

Revisiting Antitrust Limits to Probabilistic Patent Disputes : Strategic Entry and Asymmetric Information

Chiou, Jing-Yuan; Schmidtke, Richard - 2012

We consider separately strategic entry and asymmetric information in the design of the settlement policy governing patent disputes, with a focus on Shapiro(2003)'s consumer protection rule. We show that, when a potential entrant strategically incurs an entry cost before engaging in a patent...

Persistent link: https://www.econbiz.de/10014210734

World-Wide-Welfare : A Micro-Economic Analysis of the New Economy

Herings, P. Jean-Jacques; Schinkel, Maarten Pieter - 2011

In the wide and increasing attention for the so-called "new economy", two, not necessarily compatible, issues meet the eye. Firstly, most discussions apply macro-economic concepts, yet secondly their general gist is that the new economy demands new tools for analysis. In this paper, the existing...

Persistent link: https://www.econbiz.de/10014113426

Bertrand Competition Without Completely Certain Production

Kimmel, Sheldon - 2002

Janssen and Rasmusen (2002) show that a Bertrand model with an uncertain number of firms has only one symmetric equilibrium, and profits in that equilibrium fit the empirical data in Bresnahan and Reiss (1991). However, unless its equilibrium is unique, Janssen and Rasmusen's model cannot be...

Persistent link: https://www.econbiz.de/10014117250

Are Invisible Hands Good Hands? Moral Hazard, Competition, and the Second-Best in Health Care Markets

Gaynor, Martin; Haas-Wilson, Deborah; Vogt, William B. - 2000

The nature, and normative properties, of competition in health care markets has long been the subject of much debate. In this paper we consider what the optimal benchmark is in the presence of moral hazard effects on consumption due to health insurance. Intuitively, it seems that imperfect...

Persistent link: https://www.econbiz.de/10014149528

Neither Saints Nor Devils : A Behavioral Analysis of Attorneys' Contingent Fees

Zamir, Eyal; Ritov, Ilana - 2015

Kahneman and Tversky's Prospect Theory, this paper presents a series of experiments designed to reveal people's preferences …

Persistent link: https://www.econbiz.de/10014220839

Equilibrium Contingent Fees with Heterogeneous Attorneys

Santore, Rudy - 2005

This paper provides a signaling model to analyze the equilibrium fee structures arising when attorneys are heterogeneous with regard to unobservable ability. Unlike fixed fees, contingent fees are more profitable to attorneys who have a greater probability of winning, and thus may serve as an...

Persistent link: https://www.econbiz.de/10014063158

Integration and Search Engine Bias

Cornière, Alexandre de; Taylor, Greg - 2013

could lead to abuses of dominant position. In particular, one concern is that of own-content bias, meaning that Google would … bias its rankings in favor of the publishers it owns or has an interest in, to the detriment of competitors and users. In … that display many ads -- even without integration. Although integration may lead to own-content bias, it can also reduce …

Persistent link: https://www.econbiz.de/10014162600

Quality Provision in the Presence of a Biased Intermediary

de Corniere, Alexandre; Taylor, Greg - 2014

In many industries, consumers rely on recommendations by an intermediary when choosing between competing products. In this paper, we look at how the existence of contracts between firms and intermediaries affects the quality of the advice received by consumers, and firms' incentives to invest in...

Persistent link: https://www.econbiz.de/10014141818